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Governance Risk and Compliance: 6 Startup Game-changers

With ongoing financial transformation, increased regulations and growing complexity, there is huge potential in working with early-stage start-ups that help bring financial process innovation to SAP S/4HANA® customers. For this cohort, the SAP.iO Foundry Berlin Program teamed up with the S/4HANA® team to work with startups focused on GRC and FinTech innovations.

AIVIDENS: Predictive cash and risk management

WHAT THEY DO

On average, losses due to unpaid invoices represent 0.3 to 1% of companies’ annual revenue. Collection processes often start too late leading to cash or P&L issues, that is why we designed our Predictive Risk Management solution (PRIM). PRIM is designed to anticipate payment issues and calculate various financial and risk indicators. It can also prioritize cash collection processes and propose specific actions. PRIM can be applied on any debt portfolio.

UNIQUE APPROACH

By using AI and applying a proprietary risk model on customers’ financial and operational data, PRIM first predicts whether an invoice will be paid and when. PRIM then segments the debt portfolio according to payment profiles and risk levels. With this combination, PRIM helps increase cash accuracy and understand the risk breakdown. It also helps identify events requiring immediate actions, concentrate efforts where required and ease the collection strategy decision process.

TEAM: Edouard Beauvois — Co-Founder, Nicolas Mertens — Co-Founder

HANKO: FIDO-based Identity- and Authentication-as-a-Service

WHAT THEY DO

Hanko offers a passwordless multi-factor identity and authentication Cloud service for convenient and secure user authentication, enabling its customers to eliminate fraud, phishing, and credential reuse while offering a cutting-edge UX.

UNIQUE APPROACH

With Hanko, businesses can quickly integrate the most advanced authentication methods into their web portals and applications. The service is developer-friendly, supporting open Web standards and open-source SDKs. They also offer a white-label authenticator app as an option. Hanko is GDPR and PSD2 compliant.

TEAM: Felix Magedanz — Founder & CEO, Felix Dubrownik — Technical Lead, Daniel Faulhaber — Product Manager

IRISTRACE: Transforming the management of Business Risk into Value

WHAT THEY DO

Iristrace enables enterprises to better manage their business risks using control frames for their operations that can easily be changed as processes evolve.

UNIQUE APPROACH

Business experts without IT knowledge can easily design and roll out their own controls across their organisation in a record time, ensuring that the strategy reaches the front-line employees, contractors, suppliers and partners. Controls and follow-up action plans are distributed via mobile application, web or messenger. They can be rule based and scheduled automatically, triggered by events or used in self-service. The benefits include a faster implementation of strategy, better staff and supplier engagement on the company’s objectives, improved compliance, proof of execution, shorter learning cycles, lower costs and a far superior customer experience as a result.

TEAM: André Kingham — Chairman, César Mariel Alberto — CEO

PXL VISION: The secure gateway to digital identity

WHAT THEY DO

PXL Vision provides leading solutions for the automation and enhancement of digital identity verification and customer onboarding through tailored and off-the-shelf software solutions powered by the latest developments in Computer Vision and Machine Learning.

UNIQUE APPROACH

PXL Vision’s identity verification solutions deliver both seamless UX and high security through proprietary methodologies, within a fully automated software platform. Offered as both SaaS and custom hosted or on-premise solutions, PXL’s powerful technology stack is available how and where you need it.

TEAM: Michael Born — Founder & CEO, Karim Nemr — Founder & CBO, Nevena Shamoska — Founder & CTO, Roxana Porada — Founder & CPO

SPHERITY: Bridging the physical, biological and digital spheres

WHAT THEY DO

Spherity is building decentralized identity management solutions to power the 4th industrial revolution, bringing secure identities (“Digital Twins”) to machines, algorithms, and other non- human entities. Digital twins enables transactions with the following features: verifiable digital identities, P2P trust with credential-based verification, verifiable business transactions & payments, verifiable data chains (audit trails) and data provenance.

UNIQUE APPROACH

Spherity is providing the “missing puzzle piece” in solving with blockchain technologies and “Self- Sovereign Identity” design principles the challenge of data integrity in the industrial IoT applications. Their digital twins enable tamper-proof data exchange within customer journeys across mobility, supply chain and other business processes.

TEAM: Carsten Stöcker — Founder & CEO, Michael Rüther — Founder & COO

TROY: Reinvents debt collection, reduces clients’ write-offs AND preserves their customers

WHAT THEY DO

Troy is a full-service debt collection agency that builds THE platform for customer experience in debt collection. Their platform drives troy’s debt collection services which have repeatedly proven to outclass traditional providers. Their solution can be used as white-label and also supports financial BPO of receivables management.

UNIQUE APPROACH

Troy is a digital, data-driven, automated and cloud-only solution which incorporates best practices from marketing and CRM to improve the debt collection experience. And the friendliness works. Customers pay more, faster, and happily — proven by clients’ feedback and customer surveys after payment.

TEAM: Philip Rürup — Founder & MD, Till Völzke — Founder & MD, Gunnar Zarncke — CTO

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SAP to Resell BigID data discovery and privacy products as solution extensions

BigID, a leader in data-centric personal data discovery and privacy, announced a global reseller agreement with SAP. Through this agreement, SAP can sell two BigID powered products under the names SAP Privacy Management application by BigID and SAP Data Mapping and Protection application by BigID. The agreement will enable businesses that use SAP solutions to more readily meet the challenges of data-centric data discovery and privacy by harnessing BigID’s advanced Machine Learning-based discovery and intelligence technology.

BigID is one of the industry’s first data privacy and intelligence platforms that allows customers to rely on actual data discovered across the enterprise and cloud rather than surveys and interviews to ensure privacy compliance.

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HEINEKEN announces winners of its HR-tech competition

The Dutch brewing company HEINEKEN concluded its first-ever HR tech-focused competition called HEINEKEN HR Brewhouse last Friday.

The winner of the Recruitment category was SAP, a team consisting of platforms Eightfold.ai, Sonru, and Plum. The final winner for the Wild Card category was Pulsifi, a Singapore-based company that uses data analytics for HR management. Pulsifi’s platform combines organizational psychology and artificial intelligence to help companies hire, retain, and develop talents.

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SAP.iO Foundry Munich at Bits & Pretzels

Last week, the Bits & Pretzels conference in Munich provided SAP.iO startups the opportunity to share, learn, and engage in a unique, Oktoberfest-themed format. Nicknamed “Europe’s biggest Founders Festival”, it featured an extensive showfloor and over seven stages for keynotes from world-renowned experts and innovators (including this year’s headliner President Barack Obama) spanning diverse industries and topics. On the third and final day, the event concluded with “liquid networking” and traditional celebrations in the Schottenhamel-Festhalle, the oldest beer tent at the Wiesn.

In total, we had 9 startups exhibiting: presize.ai, rapitagExpivi8selectparcelLabViewAR, and Dotaki from the currentSAP.iO Foundry Munich cohort, and SAP.iO Foundry Berlin alumni AugmaniaWeView, and ScanTrust. Beyond connecting with potential customers, investors, and fellow entrepreneurs, some of our startups were able to meet Roland Weigert, State Secretary for the Bavarian Ministry of Economic Affairs, Energy and Technology. Plus, Augmania founder & CEO Rania Reda took to the Impact Stage for the insightful panel session “WINNING: Success Stories from Female Founders.” With so many inspiring talks and interactive booths from startups and corporates, the conference was both overwhelmingly productive and fun for all of us.

We had an incredible experience, and are already looking forward to next year’s event. Visit our picture gallery for more SAP.iO highlights from Bits& Pretzels 2019!

Smart credit fintech startup Flowcast nabs US$3M Series A funding from ING Ventures, BitRock Capital

The company noted that the proceeds of this round will be used to fund the acceleration of Flowcast’s go-to-market strategy, global market expansion especially in Singapore and the APAC region, and the continuing product development and improvement. Flowcast shares that it is also participating in the SAP.iO Foundry Singapore program, which aims to accelerate startups via providing them access to curated mentorship, exposure to SAP technology, and application programmable interfaces (APIs) with opportunities to collaborate with SAP customers in the Southeast Asian region.

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SAP Showed up in Style at Austin Startup Week 2019

SAP stepped up its presence in Austin, Texas for Austin Startup Week (#ASW19), the largest innovation event in the city after SXSW.

As title sponsor of the event, SAP reinforced its commitment to expand its innovation footprint in Austin. Together, with its customers and partners, SAP presented its brand promise to thousands of local startups, entrepreneurs, and community members.

Vanessa Liu, VP of SAP.iO Foundries North America, gave a spirited keynote speech on how the entrepreneur and tech communities can continue promoting women.

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SAP.iO Kicks Off First B2B European Startup Accelerator Focused on Fintech and Governance, Risk and Compliance

People mingling in conversation

The SAP.iO Foundry Berlin kicked off a dedicated financial technology (fintech) program with participants consisting of business-to-business startups focused on finance and governance, risk and compliance (GRC), SAP SE (NYSE: SAP) said today.

With the growing complexity of regulatory laws impacting enterprises, startup solutions and innovations will help optimize enterprise resource planning processes and address customer needs. In a recent report by Deloitte, cost reduction and increased regulatory scrutiny were the main drivers of a significant increase in spending on enterprise risk management. With more than 56 percent of organizations using, or planning to use, cloud-based platforms, enterprises are looking for intelligent, real-time, actionable solutions to meet their improved efficiency goals.

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SAP.iO Kicks Off First B2B European Startup Accelerator Focused on Fintech and Governance, Risk and Compliance

 The SAP.iO Foundry Berlin kicked off a dedicated financial technology (fintech) program with participants consisting of business-to-business startups focused on finance and governance, risk and compliance (GRC), SAP SE (NYSE: SAP) said today.

With the growing complexity of regulatory laws impacting enterprises, startup solutions and innovations will help optimize enterprise resource planning processes and address customer needs. In a recent report by Deloitte, cost reduction and increased regulatory scrutiny were the main drivers of a significant increase in spending on enterprise risk management. With more than 56 percent of organizations using, or planning to use, cloud-based platforms, enterprises are looking for intelligent, real-time, actionable solutions to meet their improved efficiency goals.

These startups are joining the SAP.iO Foundry Berlin program for Fall 2019:

  • Hanko provides Fast Identity Online (FIDO)-based identity and authentication as a service. The startup is founded in Germany.
  • troy is a German-based startup that uses machine learning and artificial intelligence to combine successful debt collection with customer relationship management.
  • Iristrace is transforming the management of business risk into business value by providing risk strategy validation. The startup is headquartered in the Netherlands.
  • PXL Vision is a Swiss startup for creating and managing trusted, verified digital identities.
  • Aividens is a Belgian startup that provides predictive cash and risk management to improve cash accuracy, reduce overdue debts and improve operational efficiency and customer satisfaction.
  • Spherity, a German startup, combines unique identifiers with verifiable data to offer out-of-the-box cloud wallet capabilities.

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Forging the Future of Customer Experience: Introducing the first SAP.iO Foundry Munich Cohort

At SAP, collaboration is not only an invaluable tool for progress, but a key advantage that continuously benefits our customers, employees, partners, and communities at large. The latest example of our commitment to co-innovation is the SAP.iO Foundry Munich, which has just launched its first accelerator program. As the second SAP.iO Foundry to open in Germany, it seeks to leverage a rich ecosystem devoted to inclusive entrepreneurship, technological expertise, and enablement.

Out of over 150 applicants, seven impressive startups were chosen to take part in our Fall 2019 Commerce and Marketing program. We are excited to introduce the SAP.iO Foundry Munich’s first cohort:

8select
E-Commerce has to be a human experience

8select is a plug-and-play software solution offering a curated shopping engine (CSE) to online retailers enabling them to personalize product recommendations for end consumers. It allows retailers to cross-sell by publishing automatically curated product sets (such as outfits) along the customer journey.

Dotaki
Boosting conversion with AI-enhanced user experience

Dotaki takes conversion rates to the next level for online merchants by using artificial intelligence to personalize digital content and experience according to each individual visitor’s method of making purchasing decisions.

presize.ai
Mobile Body Scanning Software for Fashion E-Commerce

presize.ai provides mobile body scanning software for fashion e-commerce, creating a more enjoyable experience by matching the best-fitting clothes with shoppers’ unique body reality apps for web.

parcelLab
Make customers happy again.

parcellab is a cloud-based service that helps brands provide a personalized and branded customer experience during checkout, shipping and return processes.

rapitag
IoT solutions for unique customer experiences

rapitag is a leading provider of secure mobile checkout and unique customer experiences in retail. rapitag offers the world’s first patented antitheft IoT security tags for one-click buying, helping retailers to connect and digitalize their physical stores.

Expivi
Configure your products in 3D and AR

Expivi is an interactive and visual e-commerce platform that generates an immersive shopping experience with instant 3D configurations and artificial reality. Businesses are able to upgrade their online stores by using Expivi on their own existing marketplace.

ViewAR
One system — unlimited possibilities

ViewAR offers a platform-independent system for easy and robust creation of augmented reality apps for web and mobile use.

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SAP.iO provides SAP an opportunity to partner instead of acquire

Rather than acquire every company it believes could benefit its customers, SAP is doing something else — partnering with them.

About 18 months ago, SAP contacted Caitlin MacGregor about her startup, Plum.io. It wanted to invest in her psychometric assessment firm. This outreach is part of SAP’s strategy to partner with companies and avoid acquisitions.

McGregor said the effort by SAP “has made us more credible.” Plum gained business from enterprises. Systems integrators, including Deloitte Consulting, are also expanding the company’s reach. “We’ve definitely been able to increase our growth,” she said.

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Mehr Startups von Frauen!

SAP.iO ist SAP‘s strategische Geschäftseinheit, die mit dem SAP.iO Fund und den SAP.iO Foundries innovative Start-ups im B2B Techsektor durch Investitionen und Accelerationsprogramme unterstützt. Mit SAP.iO No Boundaries haben wir uns entschieden, bis zu 40 Prozent des investierbaren Kapitals aus dem SAP.iO Fund für die Förderung von inklusivem Unternehmertum einzusetzen. Durch den Ausbau und verstärkte Aktivitäten bei unserem Programm SAP.iO Foundries wollen wir in den nächsten fünf Jahren mindestens 200 Start-ups weltweit unterstützen. Der SAP. iO Fund und die SAP.iO Foundry Programme zur Förderung von inklusivem Unternehmertum spiegeln die Vision der SAP wieder, die Abläufe der weltweiten Wirtschaft und das Leben von Menschen zu verbessern.

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